Velocity Technology Solutions Uk Limited in Glasgow, G2 2AF

Description

Data updated on: 01-11-2023

Started with Reg No. SC263817 twenty years ago, Velocity Technology Solutions Uk Limited was set up as a Private Limited Company. Its latest registration address is 1st Floor, Elphinstone House, 65 West Regent Street Glasgow. The registered name of this business got changed in the year 2013 to Velocity Technology Solutions Uk Limited. The enterprise former name was Velos-it. This enterprise's SIC and NACE codes are 62020 and their NACE code stands for Information technology consultancy activities. 2021-12-31 is the last time when the company accounts were filed.

With four job advertisements since November 3, 2017, Velocity Technology Solutions Uk has been quite active on the employment market. On March 8, 2018, it was employing new employees for a full time Security Administrator – Senior position in Glasgow, and on November 3, 2017, for the vacant position of a full time DevOps Engineer - Senior in Glasgow. So far, they have searched for workers for the Project Manager Cloud - Senior posts.

Council Derby City Council can be found among the counter parties that cooperate with the company. In 2014, this cooperation amounted to at least 0 pounds of revenue. Cooperation with the Derby City Council council covered the following areas: Supplies And Services.

The details describing the following company's executives suggests there are two directors: Mark C. and Janina M. who became a part of the team on 2020-12-30. Another limited company has been appointed as one of the secretaries of this company: Business Control Ltd.

Previous company's names
Velocity Technology Solutions Uk Limited 2013-12-12
Velos-it Limited 2004-02-23

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	7 984	102 613	342 128	83 572	452 191	798 358	167 494
Current Assets	7 706 616	9 569 255	11 454 297	13 699 430	16 810 913	14 406 463	13 428 817
Debtors	7 698 632	9 466 642	11 112 169	13 615 858	14 595 099	13 608 105	13 261 323
Net Assets Liabilities	5 954 555	8 085 413	9 993 625	12 309 465	12 891 976	12 412 436	12 598 452
Other Debtors							11 430
Property Plant Equipment	1 432 246	1 115 471	1 296 877	1 299 445	1 193 068	1 050 822	768 153

Other Financial Data
Audit Fees Expenses	9 250	9 250	13 950	11 000	11 500	4 000	38 300
Other Non-audit Services Fees							10 203
Accrued Income						160 533	71 680
Accumulated Depreciation Impairment Property Plant Equipment	2 774 452	3 395 100	4 023 532	3 812 027	2 754 362	3 494 158	4 148 394
Additions Other Than Through Business Combinations Property Plant Equipment		303 873	809 838	693 484	610 258	597 550	373 605
Administration Support Average Number Employees					10	10
Administrative Expenses	2 349 353	2 230 610	3 145 399	3 014 467	4 795 946	3 538 420	3 383 626
Amounts Owed By Group Undertakings	6 268 914	8 151 598	9 534 624	12 689 214	13 054 331
Amounts Owed By Related Parties					14 539 048	12 038 266	11 295 802
Amounts Owed To Related Parties					1 484 717	1 272 351	928 622
Applicable Tax Rate					19	19	19
Average Number Employees During Period	79	85	85	93	113	118	37
Balances With Banks					452 191	798 358	167 494
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	688 648	427 916	189 704
Cash Cash Equivalents Cash Flow Value		102 613	342 128	83 572	452 191
Comprehensive Income Expense	2 442 814	2 130 858	1 908 212	2 315 840	582 511
Corporation Tax Payable	475 300	582 898	334 907	372 382	-278 906
Cost Sales	5 054 140	5 872 065	7 267 258	6 355 797	6 030 955	8 424 550	2 624 428
Creditors	404 874	171 164	27 945	2 679 613	3 317 577	3 014 044	1 567 713
Current Tax For Period	561 535	577 922	570 634	521 831	-71 582	200 000
Deferred Income					969 723	150 164
Deferred Tax Assets						30 805	28 464
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws	421
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-6 867	-24 936	-19 841	49 964	21 008
Deferred Tax Liabilities					30 805	30 805	400 601
Depreciation Expense Property Plant Equipment	269 794	260 732	238 212	12 476	716 635	739 796	654 268
Depreciation Impairment Expense Property Plant Equipment			628 432	690 916	716 635
Disposals Decrease In Depreciation Impairment Property Plant Equipment							-32
Disposals Property Plant Equipment							-2 038
Finance Lease Liabilities Present Value Total	771 546	404 873	171 164	27 945
Finance Lease Payments Owing Minimum Gross	855 481	449 271	190 182	31 050
Further Item Debtors Component Total Debtors					278 906	280 972	253 624
Future Finance Charges On Finance Leases	83 935	44 398	19 018	3 105
Future Minimum Lease Payments Under Non-cancellable Operating Leases			514 848	651 197	870 173	747 325	624 477
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	6 183	394	-22 823	-62 660	-156 112
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables			-659 776	12 448	-1 317 197
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables			1 645 527	2 503 689	979 241
Gain Loss On Disposals Property Plant Equipment				4 560			-2 006
Gross Profit Loss	5 473 564	4 955 343	5 636 536	5 907 029	5 486 991	3 235 608	3 562 620
Group Tax Relief Received Paid	-84 000	-303	-114	-16 202
Income Taxes Paid Refund Classified As Operating Activities	-424 578	-475 862	-823 238	-469 947	-579 706
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation			-239 515	258 556
Increase Decrease In Current Tax From Adjustment For Prior Periods	-5 237	5 233	4 499	-27 721	-107 729	46 550
Increase From Depreciation Charge For Year Property Plant Equipment		620 648	628 432	690 916	716 635	739 796	654 268
Interest Expense On Financial Liabilities Fair Value Through Profit Or Loss					2 996
Interest Income On Bank Deposits	90	858
Interest Payable Similar Charges Finance Costs	47 635	36 209	27 518	19 247	159 108	-23 272	-7 022
Interest Received Classified As Investing Activities	-90	-858
Loss On Financing Activities Due To Foreign Exchange Differences					156 112	-23 272	-7 022
Minimum Operating Lease Payments Recognised As Expense					212 498	212 498	201 317
Net Cash Flows From Used In Financing Activities			233 709	143 219
Net Cash Flows From Used In Investing Activities			809 838	688 924
Net Cash Flows From Used In Operating Activities			-1 283 062	-573 587	-1 006 822
Net Cash Generated From Operations		-1 276 388	-2 133 818	-1 062 781	-1 589 524
Net Current Assets Liabilities	4 931 703	7 120 690	8 684 437	11 019 817	11 729 713	11 392 419	11 861 104
Net Finance Income Costs	90	858
Net Interest Paid Received Classified As Operating Activities	-47 635	-36 209	-27 518	-19 247	-2 996
Number Shares Issued Fully Paid					20 000	20 000	20 000
Operating Profit Loss	3 124 211	2 724 733	2 491 137	2 892 562	534 933
Other Creditors	1 146 369	1 100 899	1 471 706	1 370 081	2 458 807
Other Departments Average Number Employees					103	108	37
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				902 421	1 774 300
Other Disposals Property Plant Equipment				902 421	1 774 300
Other Employee Expense					7 726	1 043	2 555
Other Interest Expense			27 518	19 247	2 996
Other Interest Receivable Similar Income Finance Income	90	858
Other Payables Accrued Expenses					1 438 778	710 459	110 964
Other Taxation Social Security Payable	277 255	310 285	344 499	284 816	638 646
Par Value Share						1	1
Payments Finance Lease Liabilities Classified As Financing Activities	123 706	-366 673	-233 709	-143 219	-27 945
Pension Costs Defined Contribution Plan					353 261	329 159	104 720
Pension Other Post-employment Benefit Costs Other Pension Costs	157 889	154 475	194 106	264 719	353 261
Prepayments					275 637	270 610	264 047
Prepayments Accrued Income	306 320	209 335	230 602	218 262	275 637
Proceeds From Sales Property Plant Equipment				-4 560
Profit Loss	2 442 814	2 130 858	1 908 212	2 315 840	582 511	-479 540	186 016
Profit Loss On Ordinary Activities Before Tax	3 076 666	2 689 382	2 463 619	2 873 315	531 937	-279 540	186 016
Property Plant Equipment Gross Cost	4 206 698	4 510 571	5 320 409	5 111 472	3 947 430	4 544 980	4 916 547
Provisions					30 805	30 805	30 805
Provisions For Liabilities Balance Sheet Subtotal	4 520	-20 416	-40 256	9 797	30 805	30 805	30 805
Purchase Property Plant Equipment	-914 264	-303 873	-809 838	-693 484	-610 258
Revenue From Rendering Services					11 517 946	11 660 158	6 187 048
Social Security Costs	409 158	433 533	576 606	663 583	802 947	442 173	263 649
Staff Costs Employee Benefits Expense	4 381 743	4 939 363	6 391 559	5 575 940	6 628 021	7 530 277	2 921 280
Taxation Social Security Payable					638 646	403 600	251 090
Tax Decrease Increase From Effect Revenue Exempt From Taxation					-166 459
Tax Expense Credit Applicable Tax Rate			468 088	545 930	101 068	-53 113	35 343
Tax Increase Decrease Arising From Group Relief Tax Reconciliation							-16 210
Tax Increase Decrease From Effect Different Tax Rates On Some Earnings			2 334	-5 548	1 445	-1 107	7 393
Tax Increase Decrease From Effect Different U K Tax Rates On Some Earnings	421	3 295	2 334
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	2 508	2 266	41 400	6 301	74 381	2 324	332
Tax Increase Decrease From Other Short-term Timing Differences	20 827	30 116	39 086	38 513	46 720
Tax Increase Decrease From Other Tax Effects Tax Reconciliation					46 720	205 346	-26 858
Tax Tax Credit On Profit Or Loss On Ordinary Activities	633 852	558 524	555 407	557 475	-50 574	200 000
Total Assets Less Current Liabilities	6 363 949	8 236 161	9 981 314	12 319 262	12 922 781	12 443 241	12 629 257
Total Current Tax Expense Credit	640 298	583 460	575 248	507 511	-71 582
Total Deferred Tax Expense Credit	-6 446	-24 936
Trade Creditors Trade Payables	509 317	220 774	475 529	624 389	499 030	433 116	277 037
Trade Debtors Trade Receivables	1 123 398	1 105 709	1 346 943	708 382	1 265 131	857 724	1 364 740
Turnover Revenue	10 527 704	10 827 408	12 903 794	12 262 826	11 517 946	11 660 158	6 187 048
Unpaid Contributions To Pension Schemes					50 306	44 354
Wages Salaries	3 814 696	4 351 355	5 620 847	4 647 638	5 471 813	6 757 902	2 550 356
Company Contributions To Defined Benefit Plans Directors	24 475	17 800	16 551	26 308	26 308
Company Contributions To Money Purchase Plans Directors					26 308
Director Remuneration				638 977	507 224
Director Remuneration Benefits Including Payments To Third Parties			346 000	665 285	533 532
Number Directors Accruing Benefits Under Money Purchase Scheme					1

Company staff

Business Control Ltd

Role: Corporate Secretary

Appointed: 30 December 2020

Address: Frome Road, Bath, BA2 2PP, England

Latest update: 7 March 2024

Mark C.

Role: Director

Appointed: 30 December 2020

Latest update: 7 March 2024

Role: Corporate Secretary

The companies that control this firm are: Velocity Technology Solutions Uk Holdings Limited owns over 3/4 of company shares and has 3/4 to full of voting rights. This business can be reached in Glasgow at Elphinstone House, 65 West Regent Street, G2 2AF and was registered as a PSC under the registration number Sc445689.

Velocity Technology Solutions Uk Holdings Limited

Address: 1st Floor Elphinstone House, 65 West Regent Street, Glasgow, G2 2AF, Scotland

Legal authority England And Wales

Legal form Private Limited Company

Country registered United Kingdom

Place registered Companies House

Registration number Sc445689

Notified on 29 January 2024

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Remote Dba Experts Llc

Address: 2000 Ericsson Drive, Warrendale, Pa, United States

Legal authority Pennsylvania, Usa

Legal form Incorporated Company

Notified on 30 December 2020

Ceased on 29 January 2024

Nature of control:

substantial control or influence

Velocity Technology Solutions Uk Holdings Limited

Address: 50 Lothian Road, Festival Square, Edinburgh, EH3 9WJ, Scotland

Legal authority United Kingdom (Scotland)

Legal form Limited By Shares

Country registered Scotland

Place registered Companies House

Registration number Sc445689

Notified on 6 April 2016

Ceased on 30 December 2020

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Accounts Documents

Account next due date	31 December 2023
Account last made up date	31 December 2021
Confirmation statement next due date	06 March 2024
Confirmation statement last made up date	21 February 2023

Annual Accounts
Start Date For Period Covered By Report	2017-01-01
End Date For Period Covered By Report	2017-12-31
Annual Accounts
Start Date For Period Covered By Report	2018-01-01
End Date For Period Covered By Report	2018-12-31
Annual Accounts
Start Date For Period Covered By Report	2019-01-01
End Date For Period Covered By Report	2019-12-31
Annual Accounts
Start Date For Period Covered By Report	2020-01-01
End Date For Period Covered By Report	2020-12-31
Annual Accounts
Start Date For Period Covered By Report	2021-01-01
End Date For Period Covered By Report	2021-12-31
Annual Accounts
Start Date For Period Covered By Report	2022-01-01
End Date For Period Covered By Report	2022-12-31

Security Administrator – Senior in Glasgow, posted on Thursday 8th March 2018
Region / City	Scotland, Glasgow
Industry	Computer industry
Job type	full time


Project Manager Cloud - Senior in Glasgow, posted on Friday 5th January 2018
Region / City	Scotland, Glasgow
Industry	Computer industry
Job type	full time


DevOps Engineer - Senior in Glasgow, posted on Friday 3rd November 2017
Region / City	Scotland, Glasgow
Industry	IT industry
Job type	full time


DevOps Engineer - Senior in Glasgow, posted on Friday 3rd November 2017
Region / City	Scotland, Glasgow
Industry	Computer industry
Job type	full time

Year / Transaction date	Council / Department / Transaction ID	No. of trans.	Total trans. value
2014	Derby City Council	2	£ 0.00
2014-10-24	2113323		£ 27 000.00	Supplies And Services
2014-10-24	2113323		£ -27 000.00	Supplies And Services

Velocity Technology Solutions Uk Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Business Control Ltd

Mark C.

Janina M.

Jason F.

Arthur G.

Damon G.

Christopher H.

Steven K.

Keith A.

Burness Paull Llp

Stephen S.

Alan K.

David S.

David S.

James M.

Alan K.

Christopher G.

People with significant control

Velocity Technology Solutions Uk Holdings Limited

Remote Dba Experts Llc

Velocity Technology Solutions Uk Holdings Limited

Accounts Documents

Jobs and Vacancies at Velocity Technology Solutions Uk Ltd

Company filings

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